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Do you op out of Social Security?
It's tax season and we just found out that, once again, our social security taxes are gonna put us in the hole for the rest of the year. I'm just starting in youth ministry and all the talking heads seem to think SS will be bankrupt before I reap the benefits anyway. How have you decided whether or not to opt out of social security as clergy?
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I opted out almost 10 years ago.
I will however be recieving medicare and ss when i am old enough. I opted out because i believe that the church should take care of those who work for the church. The law states "for services performed as a minister" I am not opposed to ss I am opposed to it on service performed as a minister. In other words the other odd jobs i have and have had which have totaled up to my 40 credit hours i need to be minimally covered will allow me medicare and minor social security. We also were able to have social security for when our daughter was born at 1197 grams.
It is not opposition to ss but to ss on ministerial duties.
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No I have not, and the church pays 15.8% into my social security and 12% into my pension. I will stick with it and pray for the best. |
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I have opted out. I did it 9 years ago. I do believe that is the responsibility of the church to care for the elders of the congregation. Not to say that I am not being wise now with financial planning. I do set aside $$ for retirement and have made wise investments. I don't believe we should rely on the government to take care of us financially. |
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I do not opt out as much as I would like to. I don't have a moral objection. |
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I'd echo both of those answers below. Assuming SS will be bankrupt does not qualify as a moral objection. |
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I could not in good faith opt out of SS. I wish I could, but I can't. I would say 99% of clergy who sign that form are lying through their teeth. |
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From www.churchlawtoday.com: |
